International economics

Greek PM Alexis Tsipras will head to Brussels on Wednesday with his government’s latest framework proposal to access sorely needed cash from its creditors, following a last-minute invitation by EU Commission president Jean-Claude Juncker.

The word out of Berlin late Monday on the festering “Greek issue” is that “work must continue with real intensity”, a statement conveyed to Athens that more-or-less dispels hopes of a nearly clinched deal to free up bailout funds for the cash-strapped Greek government.

The Boyner Group, one of the leading companies in the non-food retail sector, announced recently that it was cooperating with the World Bank?s International Finance Corporation (IFC) to support women entrepreneurs in the supply chain.

As your friendly neighborhood economist, I get many questions on currencies. Where do I see the euro in a week or month? When would be a good time to exit the lira? As much as I believe in the age-old saying ?the customer is king,? I refuse to answer such queries.

Economist Nouriel Roubini said he expects ?pots of money? to be found to allow Greece to meet its payment commitments to the International Monetary Fund.

By Erik Kirschbaum

Time is running out for Greece to reach an agreement on reforms with lenders and there will be no further funds for Athens without it, the head of the European Stability Mechanism Klaus Regling told Germany's Bild newspaper on Tuesday.

The Finance and Advice for Women in Business Program, funded by the European Union (EU), the European Bank for Reconstruction and Development (EBRD) and Turkey, was introduced to local women-led businesses in the southeastern province of Gaziantep on May 21.

The World Bank Group is allocating USD 1.2 B to Albania under the 2015-2019 Country Partnership Framework (CPF), the international institution has announced.

This is a substantial share of its GDP, which amounted to about USD 13.6 B in 2014 according to national statistics.

Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government's parliamentary speaker said on Wednesday.

Greece risks being unable to make the next payment to the International Monetary Fund (IMF), which is due on June 5, unless a deal is reached with its international creditors.

This was announced by the parliamentary speaker of ruling SYRIZA party Nikos Filis on Wednesday, daily Kathimerini reports.